Ahead of the film's Sundance premiere this weekend, Magnolia Pictures and Paramount Pictures have announced a collaboration to bring director Joe Swanberg's new comedy "Happy Christmas" to theaters in 2014.

Ahead of the film's Sundance premiere this weekend, Magnolia Pictures and Paramount Pictures have announced a collaboration to bring director Joe Swanberg's new comedy "Happy Christmas" to theaters in 2014.

The modest success of "Drinking Buddies," also from Magnolia, as well as his typically warm improvisational style, have moved Swanberg out of the mumblecore pigeonhole and onto the map of must-see festival hits. "Happy Christmas" will be Swanberg's 16th directorial effort.

Magnolia Pictures is handling U.S. theatrical and VOD distribution, while Paramount Home Media Distribution will handle U.S. physical home entertainment and all international rights. They're eyeing a summer 2014 release.

Notably, Swanberg directed an episode of the upcoming Bay Area-based series "Looking," which premieres this Sunday on HBO. "Happy Christmas" made our column CINE-LIST's most anticipated films in the Sundance lineup. More details about the film here.